Today: September 20, 2024
Today: September 20, 2024

Finance

Business|Finance

Utility ordered to pay $100 million for its role in Ohio bribery scheme

An Ohio-based energy company at the center of a $60 million bribery scheme has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million fine

Utility ordered to pay $100 million for its role in Ohio bribery scheme
Asia|Business|Economy|Finance

Weekly rebound in reach, China data deluge looms

A look at the day ahead in Asian markets.

Weekly rebound in reach, China data deluge looms
Americas|Economy|Finance

IMF says director Valdes has delegated all Argentina negotiations

The International Monetary Fund's director of the Western Hemisphere Rodrigo Valdes has fully delegated all negotiations with Argentina to other officials, the fund said

IMF says director Valdes has delegated all Argentina negotiations
Business|Finance|News|Technology

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day

Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric

Trump plans to launch his sons' crypto business on Monday, 50 days before Election Day
Business|Finance|Technology

Goldman Sachs hires Melissa Goldman as partner for technology role, memo says

Goldman Sachs has hired Melissa Goldman as a partner and global head of technology engineering for its global banking and markets division, according to a memo seen by Reuters on

Goldman Sachs hires Melissa Goldman as partner for technology role, memo says
Business|Finance

US appeals court voids $564 million verdict against Bank of Montreal in Ponzi case

Bank of Montreal persuaded a U.S. appeals court on Thursday to throw out a $564 million jury verdict against a subsidiary over its role in an approximately $3.65 billion

US appeals court voids $564 million verdict against Bank of Montreal in Ponzi case
Business|Finance

Buffett's insurance leader Ajit Jain sells large part of Berkshire stake

Ajit Jain, the longtime top insurance executive at Warren Buffett's Berkshire Hathaway, sold more than half of his Class A shares in the conglomerate this week.

Buffett's insurance leader Ajit Jain sells large part of Berkshire stake
Business|Finance

Teamsters signs tentative agreement with Southwest Airlines for flight simulator technicians

Teamsters Local 19 has reached a four-year tentative agreement with Southwest Airlines that provides a 23% wage increase to flight simulator technicians, the union said in a statement on

Teamsters signs tentative agreement with Southwest Airlines for flight simulator technicians
Business|Economy|Finance

Adani Group denies Hindenburg comment on frozen funds in Swiss banks

India's Adani Group said late on Thursday it has no involvement in any Swiss court proceedings after Hindenburg Research indicated that authorities had frozen more than $310 million of the

Adani Group denies Hindenburg comment on frozen funds in Swiss banks
Business|Finance

US regulator orders Wells Fargo to overhaul its efforts to combat illicit funds

Wells Fargo shares slid on Thursday after a U.S. banking regulator found its safeguards against money laundering and other illegal

US regulator orders Wells Fargo to overhaul its efforts to combat illicit funds
Business|Economy|Finance

US consumer watchdog moves to permanently ban Navient from federal student loan servicing

The U.S. Consumer Finance Protection Bureau has filed a proposed order to permanently ban Navient from directly servicing federal student loans, which the agency says will end years of abusive lending practices

US consumer watchdog moves to permanently ban Navient from federal student loan servicing
Business|Economy|Finance

Chemicals maker Dow lowers Q3 revenue forecast on partial outage at Texas plant

U.S. chemicals maker Dow lowered its third-quarter revenue forecast on Thursday due to a partial outage at one of its plants in Texas following Hurricane Beryl.

Chemicals maker Dow lowers Q3 revenue forecast on partial outage at Texas plant
Business|Economy|Finance

Retail credit card interest rates reach record high

Retail credit card interest rates reach record high

Retail credit card interest rates reach record high
Business|Finance

Union rules set high bar to Boeing U.S. worker strike

Boeing faces a likely strike on Friday by more than 30,000 workers that could shutter its Seattle-area plane factories over demands for a bigger pay increase than the 25

Union rules set high bar to Boeing U.S. worker strike
Business|Finance|Technology

GM in talks to buy EV batteries built with Chinese tech in US, source says

General Motors is in talks to buy electric vehicle batteries that would use technology from China's CATL and be assembled at a new

GM in talks to buy EV batteries built with Chinese tech in US, source says
Economy|Finance

Mortgage rates fall to lowest level since February 2023

Mortgage rates fall to lowest level since February 2023

Mortgage rates fall to lowest level since February 2023
Business|Economy|Finance

IMF supports imminent start of US Fed easing cycle as inflation, economy slow

The International Monetary Fund said on Thursday it was appropriate for the U.S.

IMF supports imminent start of US Fed easing cycle as inflation, economy slow
Business|Finance|Health|News

US employers expect nearly 6% spike in health insurance costs in 2025, Mercer says

U.S. employers expect health insurance costs to rise an average 5.8% in 2025, largely due to increased cost of medical services as well as higher use, according to

US employers expect nearly 6% spike in health insurance costs in 2025, Mercer says
Business|Finance

Carlyle's Sedgwick valued at $13.2 billion in investment deal with Altas

Carlyle-owned claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via a deal that valued it at $13.2 billion.

Carlyle's Sedgwick valued at $13.2 billion in investment deal with Altas
Business|Economy|Finance

S&P Global Ratings says extended worker strike may hurt Boeing's rating

S&P Global Ratings said on Thursday if Boeing faces an extended worker strike, it could delay the planemaker's recovery and hurt its overall rating. Boeing's U.S.

S&P Global Ratings says extended worker strike may hurt Boeing's rating
Business|Finance|Technology

Carmakers adjust electrification plans as EV demand slows

Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models, slow roll-out of charging

Carmakers adjust electrification plans as EV demand slows
Business|Economy|Europe|Finance

Fed (finally) joins a global rate-cutting cycle

The U.S. Federal Reserve has joined a global easing cycle with a larger-than-anticipated half-point interest rate reduction.

Fed (finally) joins a global rate-cutting cycle
Business|Finance|Technology

eToro to shut down nearly all crypto trading in settlement with US SEC

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the U.S.

eToro to shut down nearly all crypto trading in settlement with US SEC
Business|Finance|Food

McDonald's extends $5 meal deal into December at most US outlets

McDonald's extended its $5 value meal offer into December at most of its U.S. locations, the burger chain said on Thursday.

McDonald's extends $5 meal deal into December at most US outlets
Economy|Finance|News

Pakistan meets IMF bailout conditions with help from 'friendly' nations, Sharif says

"Friendly" countries have helped Pakistan to meet requirements necessary to secure a bailout by the International Monetary Fund (IMF), Prime Minister Shehbaz Sharif said on Thursday.

Pakistan meets IMF bailout conditions with help from 'friendly' nations, Sharif says

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